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Summary Grade 8 Economic and Management Sciences (EMS) (Economics) Summaries - Term 3 (Study & Master)

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Grade 8 EMS (Economics) Summaries Term 3 (Study & Master): These summaries are compiled using the Via Afrika textbook's Term 3 content on EMS. Contents:  Entrepreneurship Topic 15:  Forms of ownership

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, The role of types of businesses
in sustainable job creation
SMMEs
• Small, Medium and Micro Enterprises (SMMEs)
T15: Forms of are often sole traders/ partnerships – allow
ownership (B) employees to enter the economy and acquire
new skills.
• Leads to better jobs in bigger companies.




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The role of types of businesses in the
sustainable use of natural resources
Larger businesses like private and public companies use more
resources due to their larger outputs.
• Businesses should design products with resource use in mind, use
fewer resources, and ensure safe disposal/recycling.
• Businesses should reduce transportation - reduces the use of
fossil fuels.
• Businesses should employ sustainability-minded leaders.
• Businesses can also encourage employees to use public transport.
• Businesses need to work with governments to change public
perception and pass laws to prevent unsustainable resource use.




GR8 EMS T3 Mind map Study & Master Copyright © www.summariessa.co.za (DO NOT COPY)

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